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Nitiraj Engineers Limited
Share Price Target & Analysis

NSE:NITIRAJ

211.56

VWAP

208.95

Open

208.95

Close

218.00

High

208.90

Low

239.05

52 Week High

209.10 ⇧
0.15 (0.07%)

NITIRAJ

(Miscellaneous)
82.1% Momentum

Trending & Favourite

72.10

52 Week Low

4.34

EPS

159.01

PE

3.17

PB

Economical
Quality

Gold
Valuation

#Analysis

NSE: NITIRAJ Share Price Financial Analysis & Valuation

Nitiraj Engineers Limited (NITIRAJ) is broadly categorized in Miscellaneous segment industry which deals in Engineering vertical. It is one of Micro Cap company with Market Capitalization of Rs 77.9 (in Cr). Total number of free float shares are 0 (in Lacs). Nitiraj Engineers Limited is listed on NSE with Exchange ID - INE439T01012 and trading code is NSE:NITIRAJ with short name Nitiraj Enginee.

In the past 1 year, Nitiraj Engineers Limited has declared an equity dividend of Rs 0 per share. At the current share price of NITIRAJ at Rs 209.10, this results in a dividend yield of 0 %.

As per the Fundamental Analysis of NSE:NITIRAJ, which uses revenues, earnings, future growth, financial ratios, return on equity, profit margins, and other data to determine NITIRAJ underlying value and future prospects. All of this data is available in NITIRAJ financial statements.

Quality of the Stock: As per the fundamental analysis of NSE:NITIRAJ, it is clearly understood that NITIRAJ is Economical performer in terms of earnings and profit margins with an EPS of 4.34. NSE:NITIRAJ book value per share as of today is 65.93. The current price to book ratio for NITIRAJ as of May 15, 2024 is 3.17.

Valuation of the Stock: The current valuation of NITIRAJ stock is like Gold which means currently the stock is Overpriced. Now, it's totally depends upon the risk appetite of an investor and risk-reward ratio of NITIRAJ whether to BUY this stock at current valuation. The delivery percentage of NITIRAJ is 76.44% is very crucial parameter which shows that 76.44% investors are anticipating that the price of NITIRAJ share should go up with VWAP at 211.56.

Now, the main question is whether to BUY or SELL, NSE:NITIRAJ at current valuation.
As per latest Analysis No. #652:-

⇑ STRONG BUY NITIRAJ if All Greens

⇗ BUY NITIRAJ (at Lower Levels) if any 2 Greens

⇒ NEUTRAL or HOLD NITIRAJ (With Stop Loss) if only 1 Green

⇘ SELL NITIRAJ if NO Green Indicator

NSE: NITIRAJ Share Price Today (May 15, 2024)

(Nitiraj Engineers Limited Daily Analysis on the basis of NITIRAJ Intraday Graph & Trend)

Nitiraj Engineers Limited share price moved Up by 0.07% from its previous close of Rs 208.95. NITIRAJ stock last traded price is 209.10. NITIRAJ share price trend is Up with a total of 1089 stocks traded till now. It has touched an intraday high of Rs 218.00 and an intraday low of Rs 208.90. The NITIRAJ trading at 209.10, Up by Rs. 0.15, or 0.07 percent which suggests that most of the Traders are anticipating that the price of NITIRAJ share should go Up.

NSE: NITIRAJ Share Price Tomorrow Prediction

(Nitiraj Engineers Limited Share Price Prediction for Tomorrow & future forecast is based on Current Trend of NITIRAJ)

Nitiraj Engineers Limited share price moved Up by 0.07%. NITIRAJ share price short term trend is Up. It suggests that NITIRAJ Share Price for Tomorrow remains the same with VWAP at 211.56 will be treated as stop loss for intraday traders. Nitiraj Engineers Limited Long term investors can follow the NITIRAJ long term trend as mentiond in future forecast table.

NSE Code

NSE: NITIRAJ

NITIRAJ Share Price Today

 209.10

NITIRAJ Share Price Target Prediction for 2024 ^

 150 - 240.2

NITIRAJ Share Price Target Prediction for 2025*^

 240.2 - 255.9

NITIRAJ Share Price Target Prediction for 2026*^

 255.9 - 273.8

NITIRAJ Share Price Target Prediction for 2027*^

 287

NITIRAJ Share Price Target Prediction for 2028*^

 296

NITIRAJ Share Price Target Prediction for 2030*^

 322
NITIRAJ Current Book Value 2023
65.6

*Nitiraj Engineers Limited Short Term & Long Term share price target is based on current financial year earings of the company.
^NITIRAJ share price target prediction for 2024 2025 & 2026 to 2030 is based on current market scenario, future forecast & growth assumptions, they might change subject to market sentiments.

NITIRAJ Technical Analysis

Candlestick Pattern: @184.55

NITIRAJ Moving Averages

BUY (14) NEUTRAL (0) SELL (0)
MA Simple Action S1 Expo Action E2
MA_5 182.24 BUY 182.11 BUY
MA_12 179.8 BUY 180.46 BUY
MA_20 179.16 BUY 178.98 BUY
MA_32 174.96 BUY 175.82 BUY
MA_50 175.2 BUY 171.36 BUY
MA_100 157.47 BUY 159.54 BUY
MA_200 125.43 BUY 134.5 BUY

NITIRAJ Trend Oscillators

BUY (3) NEUTRAL (1) SELL (0)
Trend Oscillators Value Action
Bollinger Bands 179.16 Uptrend
MACD 0.05 BUY
ADX 20.23 NO or Weak Trend
DMI (+/-) 16.01 / 12.15 Uptrend

NITIRAJ Momentum Oscillators

BUY (2) NEUTRAL (8) SELL (2)
Momentum Oscillators Value Action
RSI 59.58 Neutral
STOCHASTIC_K (Fast) 54.07 Neutral
STOCHASTIC_D (Slow) 43.66 Neutral
CCI 92.24 Neutral
PSAR 177.73 BUY
TRUE RANGE 7.55 SELL
ATR 7.98 SELL
WILLIAMS R -24.32 Neutral
TRIX 0 Neutral
STOCHASTIC RSI K 69.31 Neutral
STOCHASTIC RSI D 27.67 Neutral
MOMENTUM 10.65 BUY

NITIRAJ Last 1 Year Trend

Duration Value
1 Year 156.85%
3 Months 42.51%
1 Month 6.12%
1 Week -0.16%

NITIRAJ Technical Analysis Summary

Updated on 2024-04-29
Action Overall (%)
BUY 63%
NEUTRAL / HOLD 30%
SELL 7%

Most popular Questions & Answers about NITIRAJ


Nitiraj Engineers Limited stock last traded price is 209.10. NITIRAJ share price moved Up by 0.07% from its previous close of Rs 208.95.

Nitiraj Engineers Limited share price trend is Up with a total of 1089 stocks traded till now. It has touched an intraday high of Rs 241.4405 and an intraday low of Rs 208.90. The NITIRAJ trading at 209.10, Up by Rs. 0.15, or 0.07 percent which suggests that most of the Traders are anticipating that the price of NITIRAJ share should go Up and the Stop Loss will be around 211.56.

The market cap of Nitiraj Engineers Limited is ₹77.9 (in Cr) as of May 14, 2024.

The current price to earning ratio for Nitiraj Engineers Limited as of May 14, 2024 is 159.01.

The current price to book ratio for Nitiraj Engineers Limited as of May 14, 2024 is 3.17.

The highest price of Nitiraj Engineers Limited stock is ₹239.05 in the last 52-week.

The lowest price of Nitiraj Engineers Limited stock is ₹72.10 in the last 52-week.

Nitiraj Engineers Limited share trading at ₹209.10, Up by Rs. 0.15, or 0.07 percent which suggests that most of the traders are anticipating that the price of NITIRAJ share should go Up.

In 2023, Stock price target for Nitiraj Engineers Limited (NITIRAJ) are ₹150 on downside and ₹240.2 on upside. Nitiraj Engineers Limited share price target is based on current financial year earings of the company.

In 2024, Stock price target for Nitiraj Engineers Limited (NITIRAJ) are ₹240.2 on downside and ₹255.9 on upside. Nitiraj Engineers Limited share price target is based on forecasted future earnings of the company.

In 2025, Stock price target for Nitiraj Engineers Limited (NITIRAJ) are ₹255.9 on downside and ₹273.8 on upside. Nitiraj Engineers Limited share price target is based on Discounted Cash Flow (DCF) method uses the projected future cash flows of the business.

In next five years, Stock price target for Nitiraj Engineers Limited (NITIRAJ) will be around ₹296 Nitiraj Engineers Limited share price target is based on market scenario & growth assumptions, they might change subject to market sentiments and forecasted future earnings of NITIRAJ.

As per the fundamental analysis of Nitiraj Engineers Limited (NITIRAJ), it is of Economical quality in terms of earnings and profit margins with an EPS of 4.34. Nitiraj Engineers Limited book value per share as of today is 65.93. The current price to book ratio for NITIRAJ as of May 15, 2024 is 3.17.


NSE:NITIRAJ News & Other Useful Information about NITIRAJ Share Price


Peer Comparison of NSE: NITIRAJ

The Peers list includes companies operating in the same industry and having comparable market cap.

Sector: Engineering

Company Price EPS BV
IONEXCHANG 521.65 13.85 63.92
LTTS 4456.65 118.96 443.29
QUESS 637.20 19.42 146.25
CRAFTSMAN 4372.20 93.52 731.71
ENGINERSIN 247.65 7.56 37.46
PITTIENG 874.90 23.3 104.24
SKIPPER 325.40 7.1 80.79
SALASAR 20.85 0.29 2.5
HERCULES 486.60 34.08 220.83
OMINFRAL 128.55 7.32 72.36
Updated at: 15 May 2024 15:32

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